Jupai Holdings Limited (NYSE:JP – Get Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 10,800 shares, a decrease of 80.8% from the March 31st total of 56,300 shares. Based on an average daily trading volume, of 76,200 shares, the days-to-cover ratio is presently 0.1 days.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Jupai in the 3rd quarter worth $44,000. Envestnet Asset Management Inc. purchased a new stake in shares of Jupai in the 4th quarter worth about $35,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Jupai in the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 12.30% of the company’s stock.
NYSE:JP traded up $0.00 during midday trading on Thursday, reaching $0.53. 1 shares of the stock traded hands, compared to its average volume of 78,678. The company has a fifty day moving average of $0.61 and a 200 day moving average of $0.87. Jupai has a 12 month low of $0.41 and a 12 month high of $2.19. The stock has a market capitalization of $17.94 million, a P/E ratio of -0.41 and a beta of 1.58.
About Jupai (Get Rating)
Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.
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